Comtech Telecommunications (NASDAQ:CMTL) issued its quarterly earnings data on Sunday. The communications equipment provider reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02, Fidelity Earnings reports. The business had revenue of $145.81 million for the quarter, compared to analyst estimates of $148.90 million. Comtech Telecommunications had a positive return on equity of 4.58% and a negative net margin of 13.61%. Comtech Telecommunications’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.
Shares of NASDAQ:CMTL traded down $1.88 during midday trading on Tuesday, reaching $23.50. The company’s stock had a trading volume of 15,001 shares, compared to its average volume of 201,177. The firm has a market capitalization of $612.62 million, a price-to-earnings ratio of -7.18 and a beta of 1.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.05 and a current ratio of 1.47. The firm has a 50 day moving average price of $25.47 and a two-hundred day moving average price of $24.87. Comtech Telecommunications has a fifty-two week low of $14.22 and a fifty-two week high of $30.40.
CMTL has been the topic of a number of research reports. Noble Financial lowered Comtech Telecommunications from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Citigroup lifted their target price on Comtech Telecommunications from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday. Northland Securities cut their target price on Comtech Telecommunications from $31.00 to $28.00 and set an “outperform” rating on the stock in a report on Wednesday, June 9th. Zacks Investment Research raised Comtech Telecommunications from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 10th. Finally, cut their target price on Comtech Telecommunications from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, June 9th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Comtech Telecommunications has an average rating of “Hold” and an average price target of $27.40.
Comtech Telecommunications Company Profile
Comtech Telecommunications Corp. engages in the design, development, production, and market of products, systems, and services for advanced communications solutions. It operates through the Commercial Solutions and Government Solutions segment. The Commercial Solutions segment offers satellite communications, public safety systems, and enterprise application technologies for commercial customers and smaller government customers.
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